Thread: Black 3pm
View Single Post
Old 05-07-2010, 09:24 AM   #42
MalcPow
College Benchwarmer
 
Join Date: Jun 2005
Location: San Diego
For me, it's tough to know what the real levers are in something like this. While there was a huge dip, glitch or otherwise, automated systems I am sure played a significant role in the market activity that restored some relative order. If we're in a human-only system of some kind, I'm not sure what happens if a glitch knocks things down like that. Do we stew down there for a longer period of time? Does this stretch out for a few days as people try to figure out what happened, and some people get skittish with more selling? It's tough to say.

As others were mentioning earlier in the thread, a sell off made a lot of sense given the current state of the markets. Things kind of worked yesterday, even if there was a really weird half hour or so.

Last edited by MalcPow : 05-07-2010 at 09:25 AM.
MalcPow is offline   Reply With Quote